Alltrust Insurance Company Limited

Yongcheng Property Insurance Co., Ltd

Alltrust Property Insurance Company Ltd. was approved by China Insurance Regulatory Commission on September 10, 2004. It is headquartered in Shanghai with a registered capital of 2.178 billion yuan.

Company profile

Yongcheng Property Insurance Co., Ltd. is a national joint-stock property insurance company jointly established by a large domestic power enterprise group and industrial investment group. Yongcheng insurance company was approved by China Insurance Regulatory Commission to open on September 10, 2004. It is headquartered in Shanghai, with a registered capital of 2.178 billion yuan and more than 5000 employees. As of August 2016, Yongcheng insurance company has set up 34 provincial branches in Beijing, Shanghai, Guangdong, Hubei, Sichuan, Jiangsu, Zhejiang, Shandong, Fujian, Liaoning, Jilin, Shenzhen, Shaanxi, Shanxi, Yunnan, Inner Mongolia, Tianjin, Hebei, Heilongjiang, Jiangxi, Guangxi, Xinjiang, Gansu, Qinghai, Hainan, Suzhou and Ningbo. The business scope of Yongcheng insurance company includes property loss insurance, liability insurance, credit insurance and guarantee insurance, short-term health insurance and accident insurance, reinsurance business, insurance fund utilization business permitted by national laws and regulations and other business approved by CIRC.

At the beginning of its establishment, the company established the development mission with distinctive industry characteristics, always adhered to the professional market positioning, closely focused on the concept innovation, system innovation, product innovation and channel innovation, actively cultivated the three competitive advantages of "cost, product and risk control", and made efforts to realize "the power energy underwriting technology ability is ahead of the industry, and the power energy market share is ahead of the industry" Our goal. After nearly ten years of hard work, the company's power insurance business has become the first corps of China's insurance industry.

In recent years, the main line of Yongcheng insurance is to accelerate the transformation of development mode, deepen the adjustment of business structure, continuously optimize and innovate from the aspects of organizational structure, sales mode, management process and system platform, actively adapt to the changes of market environment, and continuously improve its overall strength and competitiveness. The company always pays attention to creating three core competitive advantages of cost, product and risk control, and strives to achieve the two leading goals of "leading the industry in power energy underwriting technology capability and leading the industry in power energy market share". Adhere to the business tenet of "customer first, serve the society", and provide customers with effective risk management solutions and insurance protection through professional and personalized products and services. Yongcheng insurance provides professional and comprehensive risk control services for enterprises in electric power, oil, coal, public infrastructure construction, shipping and other fields. At the same time, Yongcheng insurance's auto insurance, health insurance, Internet insurance and other products have also been welcomed and affirmed by the majority of insurance consumers. In 2014, the company's power insurance business has ranked among the first corps of China's insurance industry. In 2015, with its excellent value growth and excellent brand image in recent years, Yongcheng insurance was rated as "China's top ten property insurance companies with value growth".

Composition of shareholders

The shareholders of Yongcheng insurance are composed of powerful large power enterprise groups, industrial investment groups and financial holding groups at home and abroad. Strong shareholder strength, rich business resources, unique technical advantages and advanced management philosophy have laid a solid foundation for the development of the company.

At present, the shareholders of Yongcheng insurance power system account for half of the domestic power generation market, which is the solid backing for the sustainable and healthy development of the company. Yongcheng insurance's good market performance and broad development prospects have also attracted well-known institutions and companies in the international financial industry to carry out comprehensive cooperation. In April 2009, Yongcheng insurance signed the shareholders' agreement and share subscription agreement with global financial insurance group Fengxin Financial Holding Co., Ltd. in Canada; in September 2011, Yongcheng insurance signed the equity cooperation agreement with Swiss Reinsurance Company, the world's leading reinsurance company.

The shareholders of Yongcheng insurance include Huaneng capital services Co., Ltd., Fengxin Financial Holding Co., Ltd., Shenzhen Energy Group Co., Ltd., North United Power Co., Ltd., China Datang Group Co., Ltd., China Huadian Group Capital Holding Co., Ltd., Guodian Capital Holding Co., Ltd., China Power Investment and financing holding investment Co., Ltd. and Swiss Reinsurance Co., Ltd Ltd., Fujian investment and Development Group Co., Ltd., Guohua Energy Investment Co., Ltd., Beijing xinyuanyelong Investment Management Co., Ltd. and Yunnan Power Grid Co., Ltd.

development history

In June 2016, Jilin Branch was approved to open

In January 2016, Guizhou branch was approved to open

On December 28, 2015, Yongcheng insurance successfully landed on the "new third board"

In August 2015, Dalian Branch was approved to open

In April 2013, the wholly-owned subsidiary Yongxin insurance sales Service Co., Ltd. officially opened for operation

In August 2012, Ningbo Central Branch of Zhejiang branch was upgraded to Ningbo Branch

In December 2011, Qinghai Branch was approved to open

In December 2011, Hainan Branch was approved to open

In November 2011, the company's e-marketing business passed the acceptance of CIRC. Special number for motor insurance electronic sales approved

In November 2008, Chongqing Branch was approved to open

In August 2008, Jiangxi branch and Guangxi branch were approved to open

In July 2008, Hunan and Henan branches were approved to open

In March 2008, Qingdao Branch was approved to open

In January 2008, Anhui Branch was approved to open

In September 2007, Hebei, Tianjin and Heilongjiang branches were approved to open

In September 2006, Zhejiang, Jiangsu, Fujian and Inner Mongolia branches were approved to open

In August 2006, Shanxi branch and Shenzhen Branch were approved to open

In July 2006, Yunnan branch was approved to open

In June 2006, Shandong, Liaoning and Shaanxi branches were approved to open

In November 2005, Shanghai Branch was approved to open

In July 2005, Beijing Branch was approved to open

In June 2005, Guangdong, Hubei and Sichuan branches were approved to open

On October 19, 2004, Yongcheng Property Insurance Co., Ltd. held a grand opening ceremony

On September 10, 2004, China Insurance Regulatory Commission approved the opening of Yongcheng Property Insurance Co., Ltd

On August 9, 2004, the company's founding meeting and the first general meeting of shareholders, the first meeting of the first board of directors and the first meeting of the board of supervisors were held

On June 9, 2004, CIRC officially approved the preparation of the company

The signing ceremony of the sponsor agreement was held on March 12, 2004, and the Preparatory Committee was officially established

November 7, 2003 Yongcheng Property Insurance Co., Ltd

In August 2000, he submitted an application to CIRC for establishing a property insurance company

Business products

Property insurance of electric power enterprises

Basic insurance of power plant property, additional insurance of basic insurance of power plant property, comprehensive insurance of power plant property, additional insurance of comprehensive insurance of power plant property, all risks of power plant property

Power plant property all risks additional insurance, power plant machinery damage insurance, power plant machinery damage insurance additional insurance, power plant business interruption insurance, power plant business interruption insurance

Additional risks

Enterprise property insurance

Basic property insurance, comprehensive property insurance, all property insurance, coal property insurance

Family property insurance

Comprehensive family property insurance

engineering insurance

All risks of construction engineering and installation engineering

liability insurance

Public liability insurance, drug liability insurance, power supply liability insurance, employer liability insurance, food safety liability insurance, campus liability insurance, personal business letter insurance

Loan guarantee insurance, medical liability insurance, personal consumption loan guarantee insurance, comprehensive property insurance of the borrower

Ship insurance

Coastal inland ship insurance

Cargo transportation insurance

Marine cargo insurance, domestic waterway and land cargo insurance

Accident insurance

Land motor vehicle traffic accident insurance, group personal accident insurance, construction personnel group personal accident insurance, public transport insurance

It includes vehicle group personal accident insurance, public transport vehicle accident insurance, overseas business travel group personal accident insurance and overseas business travel insurance

Personal accident insurance for overseas travel, personal accident insurance for overseas travel group, personal accident insurance for overseas travel group and personal accident insurance for domestic travel group

Personal accident insurance, domestic travel personal accident insurance, outbound personal accident insurance, comprehensive insurance for overseas students

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Vehicle insurance

Compulsory traffic insurance and commercial insurance

management idea

In line with the business tenet of "customer first, serving the society, creating value and giving back to shareholders", Yongcheng insurance company will provide effective risk management solutions and insurance guarantee for the stability of customers' production, operation and life through professional and personalized products and services.

Yongcheng insurance company advocates the values of "integrity, professionalism, efficiency and harmony", pursues the enterprise spirit of "people-oriented, realistic and innovative, unity and cooperation, and forge ahead", adheres to the market positioning and operation mode of distinctive industry characteristics and professional operation, actively explores the road of professional development of ethnic insurance, and strives to build itself into an advanced mechanism, standardized operation, standardized management, and innovative enterprise It is a professional comprehensive property insurance company with scientific management, advanced technology and excellent talents.

In the next few years, the company will adhere to the business policy of "risk control, optimized management, benefit first and rapid development", and firmly grasp the development strategy in accordance with the requirements of "stable, sustainable, healthy and rapid" development